Franklin FTSE United Kingdom ETF
ALTAR
Score™
7.4% info Recommen-
dation
NEUTRAL
2020E    2021E
P/E
ratio
20.0x P/Sales
ratio
1.3x
P/BV
ratio
1.6x Div.
yield
3.4%


  • Description
  • Performance
  • Comps
  • premium Fundamentals
  • premium Valuation
  • premium Rating
FLGB tracks a market-cap-weighted index of large- and midcap companies from the United Kingdom.

FUND BASICS
Category International Equities
Fund Sponsor Franklin Templeton
Website www.libertyshares.com
Inception date Nov 02, 2017
Assets (mns) $87
Currency USD
Expense ratio 9 bp
Distributions Semi-annual

FUND STRUCTURE
Regulation Open-Ended Fund
Custodian
Weighting Market Cap
Index replication
Uses derivatives No
Options available No

SECTOR BREAKDOWN

 


CONSTITUENT BREAKDOWN
No. of constituents 120
Wgt avg mkt cap (mns) $51,234
Large cap (>$10bn) 82.4%
Mid cap ($2-10bn) 17.4%
Small cap (<$2bn) 0.1%
Developed mkts 99.5%
Emerging mkts 0.5%

TOP TEN HOLDINGS
ASTRAZENECA PLC 6.1 %
HSBC HOLDINGS PLC 4.9 %
GLAXOSMITHKLINE PLC 4.1 %
DIAGEO PLC 4.0 %
BRITISH AMERICAN TOBACCO PLC 3.6 %
ROYAL DUTCH SHELL PLC-A SHS 3.3 %
RIO TINTO PLC 3.2 %
BP PLC 3.1 %
UNILEVER PLC 3.0 %
ROYAL DUTCH SHELL PLC-B SHS 2.9 %
Total 38.1 %

TOP COUNTRY EXPOSURE
BRITAIN 90.9 %
IRELAND 4.6 %
SWITZERLAND 1.6 %
RUSSIA 0.3 %
LUXEMBOURG 0.2 %
BERMUDA 0.2 %
GERMANY 0.1 %




HISTORICAL PERFORMANCE info

  Custom date range Compare to  
  thru


Standardized Annual Returns (thru November 30)
Year-to-date 1 year 5 years 10 years Since Incep.
-14.1% -9.6% -- -- -2.1%

Market Correlations
versus... Beta R-squared
S&P500 0.95 74%
MSCI EAFE 1.08 93%
MSCI Emg. Mkts. 0.83 71%

Technical Indicators
Recent close $21.44
30d moving avg. $20.31
Annualized volatility 20.6%
Short interest (ETF) 0.4%
Relative strength (RSI) 68

Liquidity measures
Avg. volume (thou.) 50
Turnover 1.2%
Bid/Ask (% of price) 0.25%
ADV underlying (mns) $4,552

Distributions


FINDING ALTERNATIVE FUNDS

Below is a list of 97 potential alternatives to the Franklin FTSE United Kingdom ETF ETF based on the alternatives' overlap in portfolio holdings with FLGB. Consider funds with lower expense ratios and/or higher ALTAR Score™ ratings as possible alternatives.

Benchmark ticker: FLGB Expense: 9 bp ALTAR Score™: 7.4%


ALTERNATIVE ETFs BASED ON OVERLAP WITH FLGB
Ticker Fund
Name
Overlap1
vs FLGB
(%)
Expense
ratio
(bp)
Savings
vs FLGB
(bp)
ALTAR
Score™
(%)
ALTAR
vs FLGB
(%)
QGBR SPDR MSCI UK StrategicFactors ETF 91.0 14 -5 7.5 +0.1
EWU iShares MSCI United Kingdom ETF 89.6 50 -41 7.0 -0.4
FKU First Trust United Kingdom AlphaDEX Fund 33.7 80 -71 7.5 +0.1
OEUR O'shares FTSE Europe Quality Dividend ETF 27.6 48 -39 6.6 -0.8
FLEH Franklin FTSE Europe Hedged ETF 22.6 9 0 6.7 -0.7
FLEE Franklin FTSE Europe ETF 22.4 9 0 6.6 -0.8
IEV iShares Europe ETF 22.1 59 -50 6.4 -1.0
BBEU JPMorgan BetaBuilders Europe ETF 21.8 9 0 6.9 -0.5
DBEU Xtrackers MSCI Europe Hedged Equity ETF 21.6 45 -36 6.3 -1.1
EUDG WisdomTree Europe Quality Dividend Growth Fund 20.9 58 -49 5.8 -1.6
VGK Vanguard FTSE Europe ETF 20.1 8 1 6.9 -0.5
IEUR iShares Core MSCI Europe ETF 19.6 9 0 6.8 -0.6
HDEF Xtrackers MSCI EAFE High Dividend Yield Hedged Equity ETF 19.1 20 -11 9.1 +1.7
FEU SPDR Portfolio Europe ETF 18.6 9 0 6.8 -0.6
GSEU Goldman Sachs ActiveBeta Europe Equity ETF 18.1 25 -16 6.1 -1.3
JPIN JPMorgan Diversified Return International Equity ETF 17.9 37 -28 7.4 +0.0
EFV iShares MSCI EAFE Value ETF 17.2 39 -30 8.8 +1.4
EUFN iShares MSCI Europe Financials ETF 16.9 48 -39 10.8 +3.4
RFEU First Trust Riverfront Dynamic Europe ETF 15.9 83 -74 5.6 -1.8
IDY Pacific Global International Equity Income ETF 14.8 39 -30 8.7 +1.3
IQLT iShares Edge MSCI Intl Quality Factor ETF 14.7 30 -21 5.7 -1.7
IHDG WisdomTree International Hedged Quality Dividend Growth Fund 14.6 58 -49 6.0 -1.4
IQDG WisdomTree International Quality Dividend Growth Fund 14.5 42 -33 6.1 -1.3
IVLU iShares Edge MSCI Intl Value Factor ETF 14.3 30 -21 10.7 +3.3
FNDF Schwab Fundamental International Large Co. Index ETF 14.2 25 -16 8.1 +0.7
JHMD John Hancock Multifactor Developed International ETF 14.0 39 -30 6.8 -0.6
PXF Invesco FTSE RAFI Developed Markets ex-U.S. ETF 13.9 45 -36 8.1 +0.7
QEFA SPDR MSCI EAFE Quality Mix ETF 13.8 30 -21 6.4 -1.0
ISDX Invesco Strategic Developed ex-US ETF 13.4 23 -14 6.6 -0.8
GSID Goldman Sachs MarketBeta International Equity ETF 13.3 20 -11 6.8 -0.6
DBEF Xtrackers MSCI EAFE Hedged Equity ETF 13.3 35 -26 6.5 -0.9
IDV iShares International Select Dividend ETF 13.2 49 -40 9.4 +2.0
EFA iShares MSCI EAFE ETF 13.1 32 -23 6.6 -0.8
DTH WisdomTree DEFA Equity Income Fund 13.0 58 -49 9.5 +2.1
HFXI IQ 50 Percent Hedged FTSE International ETF 12.9 20 -11 6.9 -0.5
ESGD iShares MSCI EAFE ESG Optimized ETF 12.8 20 -11 6.4 -1.0
INTF iShares Edge MSCI Multifactor Intl ETF 12.8 30 -21 7.6 +0.2
PBDM Invesco PureBeta FTSE Developed ex-North America ETF 12.7 7 2 6.9 -0.5
DOO WisdomTree International Dividend ex-Financials Fund 12.6 58 -49 8.6 +1.2
IQSI IQ Candriam ESG International Equity ETF 12.5 15 -6 6.9 -0.5
MFDX PIMCO RAFI Dynamic Multi-Factor International Equity ETF 12.4 39 -30 6.1 -1.3
DOL WisdomTree International LargeCap Dividend Fund 12.4 48 -39 8.5 +1.1
IEFA iShares Core MSCI EAFE ETF 11.9 7 2 6.8 -0.6
NUDM Nuveen ESG International Developed Markets Equity ETF 11.9 40 -31 6.2 -1.2
SCHF Schwab International Equity ETF 11.8 6 3 6.8 -0.6
IDOG ALPS International Sector Dividend Dogs ETF 11.7 50 -41 10.1 +2.7
EFAX SPDR MSCI EAFE Fossil Fuel Free ETF 11.7 20 -11 6.6 -0.8
PDEV Principal International Multi-Factor Core Index ETF 11.7 25 -16 7.3 -0.1
DFAI Dimensional International Core Equity Market ETF 11.6 18 -9 6.9 -0.5
HDAW Xtrackers MSCI All World ex US High Dividend Yield Hedged 11.6 20 -11 10.6 +3.2
GSIE Goldman Sachs ActiveBeta International Equity ETF 11.4 25 -16 6.3 -1.1
GUNR Flexshares Morningstar Global Upstream Natural Resources 11.4 46 -37 5.7 -1.7
WWJD Inspire International ESG ETF 11.3 80 -71 6.4 -1.0
DMDV AAM S&P Developed Markets High Dividend Value ETF 11.3 39 -30 10.5 +3.1
BKIE BNY Mellon International Equity ETF 11.3 4 5 6.9 -0.5
DWM WisdomTree International Equity Fund 11.3 48 -39 8.1 +0.7
IDHQ Invesco S&P International Developed Quality ETF 11.2 29 -20 4.8 -2.6
EFAS Global X MSCI SuperDividend EAFE ETF 11.2 56 -47 8.3 +0.9
EASG Xtrackers MSCI EAFE ESG Leaders Equity ETF 11.2 14 -5 6.4 -1.0
DDWM WisdomTree Dynamic Currency Hedged International Equity Fund 10.9 35 -26 8.3 +0.9
IDEV iShares Core MSCI International Developed Markets ETF 10.9 5 4 6.7 -0.7
RESD WisdomTree International ESG Fund 10.8 30 -21 6.4 -1.0
EUDV ProShares MSCI Europe Dividend Growers ETF 10.7 58 -49 5.7 -1.7
RFDI First Trust Riverfront Dynamic Developed International ETF 10.7 83 -74 5.2 -2.2
CID VictoryShares Intl High Dividend Volatility Wtd Index ETF 10.7 45 -36 10.1 +2.7
KXI iShares Global Consumer Staples ETF 10.6 46 -37 5.2 -2.2
RBIN Nationwide Risk-Based International Equity ETF 10.5 42 -33 6.1 -1.3
VEA Vanguard FTSE Developed Markets ETF 10.4 5 4 6.9 -0.5
FDEV Fidelity Targeted International Factor ETF 10.4 39 -30 6.2 -1.2
SPDW SPDR Portfolio Developed World ex-US ETF 10.3 4 5 6.6 -0.8
CEFA Global X S&P Catholic Values Developed ex-U.S. ETF 10.3 35 -26 6.3 -1.1
FEP First Trust Europe AlphaDEX Fund 10.2 80 -71 7.7 +0.3
VYMI Vanguard International High Dividend Yield ETF 9.9 27 -18 9.5 +2.1
MXI iShares Global Materials ETF 9.8 45 -36 5.4 -2.0
IQIN IQ 500 International ETF 9.8 25 -16 7.8 +0.4
GNR SPDR S&P Global Natural Resources ETF 9.7 40 -31 5.9 -1.5
FYLD Cambria Foreign Shareholder Yield ETF 9.6 59 -50 5.9 -1.5
PQIN PGIM QMA Strategic Alpha International Equity ETF 9.6 29 -20 7.4 -0.0
IQDE FlexShares International Quality Dividend Defensive Index Fd 9.4 47 -38 8.4 +1.0
VGFO Virtus WMC Global Factor Opportunities ETF 9.4 49 -40 7.6 +0.2
FILL iShares MSCI Global Energy Producers ETF 9.2 39 -30 6.2 -1.3
IXC iShares Global Energy ETF 9.2 46 -37 5.8 -1.6
EFG iShares MSCI EAFE Growth ETF 9.2 40 -31 4.3 -3.1
CIL VictoryShares International Volatility Weighted Index ETF 9.1 45 -36 6.5 -0.9
CIZ VictoryShares Developed Enhanced Volatility Weighted Index E 9.1 45 -36 6.5 -0.9
PICK iShares MSCI Global Metals & Mining Producers ETF 8.8 39 -30 6.1 -1.3
DEEF Xtrackers FTSE Developed ex US Comprehensive Factor ETF 8.7 24 -15 6.8 -0.6
EFAV iShares Edge MSCI Min Vol EAFE ETF 8.6 20 -11 5.2 -2.2
FIVA Fidelity International Value Factor ETF 8.6 39 -30 9.1 +1.7
DBAW Xtrackers MSCI All World ex US Hedged Equity ETF 8.5 40 -31 6.7 -0.7
EFAD ProShares MSCI EAFE Dividend Growers ETF 8.5 51 -42 6.0 -1.5
VEU Vanguard FTSE All-World ex-US Index Fund 8.5 8 1 7.1 -0.3
CWI SPDR MSCI ACWI ex-US ETF 8.5 30 -21 6.8 -0.6
ACWX iShares MSCI ACWI ex U.S. ETF 8.4 32 -23 6.8 -0.6
ISZE iShares Edge MSCI Intl Size Factor ETF 8.3 30 -21 6.6 -0.8
QLVD FlexShares Developed Markets ex-US Quality Low Volatility Id 8.3 32 -23 5.8 -1.6
IQDY FlexShares International Quality Dividend Dynamic Index Fund 8.0 47 -38 8.5 +1.1

1Overlap is the percentage of holdings by weight that are identical. For example, if Fund A has a 2% position in Apple, Inc. (AAPL) and Fund B has a 5% position, their overlapping position in AAPL is 2%.

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RESULTS & ESTIMATES

  2015 2016 2017 2018 2019 2020E 2021E
Sales per share ** ** ** ** ** ** **
Earnings per share ** ** ** ** ** ** **
Dividends per share info ** ** ** ** ** ** **
Book value per share ** ** ** ** ** ** **

 

Sales per share growth   **% **% **% **% **% **%
EPS growth   **% **% **% **% **% **%

Sales per share growth   **% **% **% **% **% **%
EPS growth   **% **% **% **% **% **%

OTHER FUNDAMENTAL METRICS

Long term EPS growth est. **%   Debt-to-equity **x
Asset turnover **%   Assets-to-equity **x

Return on equity

Revision activity*
*Six months ago = 100

Net margins

Compound annual growth rates

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VALUATION METRICS
  2019 2020E 2021E
Price-to-sales ** ** **
Price-to-earnings ** ** **
Price-to-cash flow ** ** **
Price-to-growth ** ** **
Price-to-book value ** ** **
Yield ** ** **

Historical valuation trends

Forward
multiple:
Franklin FTSE United Kingdom ETF
Relative
to:
S&P500 MSCI EAFE MSCI Emg. Mkts. Other ETF:

NEUTRAL

Average appreciation potential. A rating of NEUTRAL is assigned to ETFs with ALTAR Scores in the middle quintile (ranking between 40%-60%) of their category. This indicates that valuations adequately reflect the fundamentals of stocks in these funds.

ALTAR Score™


Calculation of ALTAR Score™
Avg. Return on Equity 11.7 %
Divided by: Fwd. P/BV 1.6 x
Less: Expense ratio 9 bp
Equals: ALTAR Score 7.4 %
info More information on ALTAR Score™

MODERN PORTFOLIO THEORY info

CONSENSUS RECOMMENDATIONS: FUND CONSTITUENTS
COMPOSITE
RATING
1.58 CATEGORY
AVERAGE
1.55
 
The composite rating is a weighted average of analysts' consensus recommendations for individual ETF constituents, based on the following scale:

BUY = 1; OVERWEIGHT = 1.5, HOLD = 2; UNDERWEIGHT = 2.5; and SELL = 3.

Readers are cautioned that because analyst ratings tend to be inflated, the composite score may be more useful as a relative measure of sentiment between funds rather than as a stand-alone recommendation.
 

 

See RATING tab for calculation of ALTAR Score™
Risk & reward. Uses std. dev. as proxy for risk, ALTAR Score™ for return forecast.
Dividends paid by constituents to the fund. May differ from actual distributions to shareholders due to constituent changes, timing issues or other factors.
Monthly returns based on changes in price plus dividends. May differ from daily returns reported by funds. See below for standardized returns.